myspace bought for 580 million |
| *basick* |
 Jul 21 2005, 04:01 PM
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#1
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QUOTE NEW YORK (Reuters) - News Corp. on Monday said it would buy Intermix Media Inc., owner of the popular MySpace.com social networking site, for $580 million in a move to expand the media conglomerate's Internet offerings. The deal comes after News Corp., home to the Fox television network, Fox News and 20th Century Fox film studios, announced on Friday the creation of an Internet division to hold the company's sports, news and entertainment sites. News Corp. will pay $12 a share, a 12 percent premium over Intermix's closing price on the American Stock Exchange on Friday. Intermix shares rose 9.5 percent to $11.74 in Monday trading. "For a company with a market capitalization of over $50 billion and $6 billion in cash on their balance sheet, to pay $580 million for the fifth most widely viewed domain, that strikes me as reasonable," said Natexis Bleichroeder analyst Alan Gould. "With a significant amount of advertising dollars moving from traditional outlets to online, News Corp., like most media companies, is looking to boost its Internet assets," Gould added. Online advertising is expected to be the fastest growing category for national advertisers, up 15 percent to $7.9 billion this year, according to media buying firm Universal McCann. MySpace.com is the most popular of the once-trendy social networking sites, which allow people with common interests to seek dates, friendship and professional relationships. Google Inc., for its part, has a social networking site called Orkut. Yahoo Inc. (Nasdaq:YHOO - news) has made social networking a part of its Yahoo 360 networking tool. "The thing about MySpace is that it's a growing audience," said Jupiter Research analyst David Card. "Its users are pretty loyal. They get a lot of time spent on their pages. And the personal information they get from users is pretty reliable because they want to meet people. One would think this information would be pretty useful to advertisers." Intermix, which had $24.1 million in revenue in its fiscal fourth quarter, will become part of News Corp.'s newly created Fox Interactive Media. News Corp. had said on Friday it plans to make "strategic investments" in this area. The creation of the Internet unit comes three months after News Corp. Chief Executive Rupert Murdoch's exhortation to the newspaper industry that it was too slow to respond to the Internet. Intermix was the target of a lawsuit by New York State Attorney General Eliot Spitzer, who accused the company of false advertising and deceptive business practices in bundling hidden spyware that delivered pop-up advertising and redirected Web traffic to an Intermix search engine. The company agreed to pay $7.9 million to settle suit without admitting wrongdoing. It had previously stopped distributing such programs. The News Corp. deal is expected to close in the fourth quarter of calendar 2005. Intermix's largest shareholder, VantagePoint Venture Partners, which holds 22.4 percent of the company, has agreed to vote its shares in favor of the deal, News Corp. said. News Corp. shares closed down 2 cents to $17.45 in midday trading on the New York Stock Exchange. tom is filthy rich now |
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Replies
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| *danielle_x3* |
Jul 21 2005, 04:03 PM
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Ah yes, I saw that in one of my bulletins. That's some crazy stuff.
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Jul 21 2005, 04:03 PM
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 Senior Member  Group: Member Posts: 74 Joined: Jul 2005 Member No: 176,450 |
thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you.
- tom from myspace |
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Jul 21 2005, 04:06 PM
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 *~Katie*~ Group: Member Posts: 761 Joined: Jun 2004 Member No: 25,517 |
QUOTE(Tom From Myspace @ Jul 21 2005, 2:03 PM) thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace  congrats tom |
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| *anubis* |
Jul 21 2005, 04:07 PM
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WOW
 lucky, lucky man. 
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Jul 21 2005, 04:09 PM
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 HAAAAAAAA. Group: Member Posts: 4,472 Joined: Dec 2004 Member No: 75,068 |
OH. MY. GOD. Whoa.
I'm still mad about him deleting my MySpace, though. >:( |
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Jul 21 2005, 04:12 PM
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 Residential Crazy Child Group: Member Posts: 934 Joined: Mar 2005 Member No: 116,897 |
Damn...that's a lot of money.
 Well, congratulations to Tom. Mind lending me a yacht? |
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Jul 21 2005, 04:14 PM
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 not da vinci's mona lisa <3 Group: Member Posts: 644 Joined: Aug 2004 Member No: 39,781 |
wowwww.
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Jul 21 2005, 04:19 PM
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 All I want for Christmas is an Underground Band. Group: Member Posts: 1,046 Joined: Feb 2004 Member No: 4,797 |
Holy Trousers...
Tom, mind sharing the wealth? (: j/k |
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Jul 21 2005, 04:21 PM
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 Senior Member Group: Staff Alumni Posts: 4,799 Joined: Aug 2004 Member No: 37,450 |
QUOTE(Tom From Myspace @ Jul 21 2005, 4:03 PM) thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace Hahahahaha  ------ Yeah wow 580 million? Hmm |
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Jul 21 2005, 04:24 PM
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yerp! Group: Member Posts: 3,489 Joined: Nov 2004 Member No: 66,454 |
I knew MySpace was big when the radio stations over in VA Beach spent a whole hour talking about it.
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Jul 21 2005, 04:29 PM
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 :hammer: Group: Staff Alumni Posts: 9,849 Joined: Mar 2004 Member No: 7,700 |
$580,000,000... Wow.
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Jul 21 2005, 04:34 PM
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Senior Member Group: Member Posts: 1,575 Joined: Jan 2005 Member No: 93,957 |
i saw this when jordan posted that link to http://www.myspacesoldout.com in tracy's thread about her page being deleted.
 yeah. whoa.
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| *incoherent* |
Jul 21 2005, 05:00 PM
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holy $h!+
id never pay that much. QUOTE thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace youre a douche bag anyways and sometimes a d**k. im glad to see youre leaving. hopefully you leave cB too. edit://2  hmm. i reckon you said youre pursuing a music career...in what? opera? i mean honestly...without these "emo fags" you wouldnt have gotten nearly enough attention and MONEY out of this deal. be happy they supported you and good luck with your opera career, you opera fag. again, im glad you're leaving This post has been edited by anovation: Jul 21 2005, 05:13 PM |
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Jul 21 2005, 05:02 PM
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 when we speak, we breathe Group: Member Posts: 1,635 Joined: Jan 2005 Member No: 91,760 |
LOL to those that believed tom would post at CB.
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Jul 21 2005, 05:06 PM
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 mosh. Group: Member Posts: 1,841 Joined: Dec 2004 Member No: 73,114 |
...Tom from Myspace sold out.
But thank goodness it's not under his hands anymore. I'm quite happy, really. |
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| *incoherent* |
Jul 21 2005, 05:24 PM
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...and tom, again im back.
i went to your new site and found a list of your "friends" QUOTE beloved big d and the kids table boys night out comeback kid coheed & cambria fall out boy less than jake matchbook romance moments in grace no trigger motion city soundtrack rise against thursday trophy scars underminded american fear tanktheory monkey vs. robot threadless ascend apparel rockett obeygiant merchdirect contagious graphics dieselfuel prints busy beaver mammoth print shop absolutepunk punkrocks punknews mickey mccranor the web guy rob dobi dan dobi jason oda ten minute media shiftcore derek hess angry blue tim harmon metrosea drew heffron surfstation emogame yourscenesucks last time i checked...most of those bands were into the emo scene. so do us all a favor, get into one of your yachts and get lost near antarctica. |
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| *mzkandi* |
Jul 21 2005, 05:45 PM
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*sigh* I wish I was Mrs. Tom.......
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Jul 21 2005, 05:54 PM
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 dripping destruction Group: Staff Alumni Posts: 7,282 Joined: Jun 2004 Member No: 21,929 |
ahaha.
i'd marry tom. and i'm (unfortuanley) a straight guy (bi would be much more fun) |
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Jul 21 2005, 05:57 PM
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 insanitys contagious. Group: Official Member Posts: 4,210 Joined: Feb 2005 Member No: 99,707 |
Wow , Tom can get it now.
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| *kryogenix* |
Jul 21 2005, 06:00 PM
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QUOTE(Tom From Myspace @ Jul 21 2005, 4:03 PM) thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace basick, that's pretty lame of you to pretend you're him. |
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| *x____duckii* |
Jul 21 2005, 06:04 PM
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QUOTE(Tom From Myspace @ Jul 21 2005, 5:03 PM) thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace Umm... guys, that isn't really Tom.  Tom must be filthy rich now. |
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Jul 21 2005, 06:19 PM
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 I come from East Oakland where the youngstas get hyphy! Group: Member Posts: 1,821 Joined: Feb 2005 Member No: 102,942 |
QUOTE(kryogenix @ Jul 21 2005, 3:00 PM) basick, that's pretty lame of you to pretend you're him. ^that is lame if it is true .thats good for tom i guess, i just cancelled my myspace so dosent affect me. |
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Jul 21 2005, 06:28 PM
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 This bitch better work! Group: Staff Alumni Posts: 13,681 Joined: Jul 2004 Member No: 28,095 |
QUOTE(Tom From Myspace @ Jul 21 2005, 4:03 PM) thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace okay, it's final. you're a stupid retard. 
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Jul 21 2005, 06:33 PM
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Senior Member Group: Member Posts: 1,575 Joined: Jan 2005 Member No: 93,957 |
just because myspace got bought out, doesn't mean tom's leaving. at least that's what he said in the most recent bulletin:
Latest Update: 11:07PM PST, Monday, July 18th. don't worry myspace isn't going to change or shut down, and no one's profiles are going to get deleted. we are not charging and i'm not leaving myspace... things are going good ! um, yeah .
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| *RiC3xBoy* |
Jul 21 2005, 06:38 PM
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580 Million....wow...thats a lot....drool.
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| *salcha* |
Jul 21 2005, 06:45 PM
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Is Tom from Myspace up there really him?
 But yeah....that's woah... |
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Jul 21 2005, 06:46 PM
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This bitch better work! Group: Staff Alumni Posts: 13,681 Joined: Jul 2004 Member No: 28,095 |
QUOTE(wonders79 @ Jul 21 2005, 6:45 PM) Is Tom from Myspace up there really him? i'll give you one guess. |
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Jul 21 2005, 06:50 PM
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 Kris is getting bonified. Group: Member Posts: 3,172 Joined: Nov 2004 Member No: 67,366 |
T_T
That's a lot of money. I wouldn't marry him though.. he's pretty ugly. But yeah, that's a lot of money.
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| *salcha* |
Jul 21 2005, 06:50 PM
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LMFAO nevermind.
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| *XLilAznGrl592X* |
Jul 21 2005, 06:55 PM
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lol, Nga. blah. I'm happy yet not happy.. =\
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| *basick* |
Jul 21 2005, 06:58 PM
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QUOTE(Frankie @ Jul 21 2005, 4:28 PM) okay, it's final. you're a stupid retard. doggie do you just follow me around and get at me with some elementary school ish? but what can i expect from a dude with a charmander avatar... |
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Jul 21 2005, 06:58 PM
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mosh. Group: Member Posts: 1,841 Joined: Dec 2004 Member No: 73,114 |
QUOTE(william @ Jul 21 2005, 6:33 PM) just because myspace got bought out, doesn't mean tom's leaving. at least that's what he said in the most recent bulletin: Latest Update: 11:07PM PST, Monday, July 18th. don't worry myspace isn't going to change or shut down, and no one's profiles are going to get deleted. we are not charging and i'm not leaving myspace... things are going good ! um, yeah ....In my situation... LMFAO. Yeah right...
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Jul 21 2005, 07:02 PM
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#34
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This bitch better work! Group: Staff Alumni Posts: 13,681 Joined: Jul 2004 Member No: 28,095 |
QUOTE(basick @ Jul 21 2005, 6:58 PM) doggie do you just follow me around and get at me with some elementary school ish? but what can i expect from a dude with a charmander avatar... uh, steven. i was kidding. x_X |
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Jul 21 2005, 07:13 PM
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 everyone loves an asian Group: Member Posts: 57 Joined: Dec 2004 Member No: 72,668 |
omg he's sooo lucky...
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Jul 21 2005, 08:01 PM
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 Oh you'd be surprised Group: Member Posts: 2,406 Joined: Mar 2004 Member No: 7,886 |
wow why cant i get up my ass and do something like what tom did
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Jul 21 2005, 08:24 PM
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#37
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Good-Bye. Group: Member Posts: 2,100 Joined: Jun 2005 Member No: 161,149 |
One rich ass Tom
 Too bad cB couldnt make that much money Oh well I <3 cB. |
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Jul 21 2005, 10:12 PM
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#38
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Senior Member Group: Member Posts: 1,575 Joined: Jan 2005 Member No: 93,957 |
QUOTE(D1SMANTLED @ Jul 21 2005, 3:58 PM) ...In my situation... LMFAO. Yeah right... haha! well, i think he's referring to the "post this bulletin or you get deleted things!", but yeah. tom is a hypocrite and a sellout !
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Jul 21 2005, 10:14 PM
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#39
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 Senior Member Group: Member Posts: 94 Joined: May 2005 Member No: 143,991 |
wow $580 million just for myspace lucky tom
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Jul 21 2005, 10:26 PM
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Good-Bye. Group: Member Posts: 2,100 Joined: Jun 2005 Member No: 161,149 |
^Lol
www.yourspace.com ^CLICK TODAY JOIN TODAY
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| *AngelicEyz00* |
Jul 21 2005, 10:43 PM
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#41
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QUOTE(Tom From Myspace @ Jul 21 2005, 2:03 PM) thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace Who the hell is that. |
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Jul 21 2005, 10:56 PM
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 NO. I'm not 13. or 14. or 15. or 16. Group: Member Posts: 4,616 Joined: Jul 2004 Member No: 30,577 |
QUOTE(sadolakced acid @ Jul 21 2005, 6:54 PM) ahaha. i'd marry tom. and i'm (unfortuanley) a straight guy (bi would be much more fun) Hahahaha. When did this happen anyway? The article says News Corp said on Monday blah blah, but..yeah. Nevermind. |
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Jul 21 2005, 11:40 PM
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 Senior Member Group: Member Posts: 103 Joined: Mar 2005 Member No: 115,283 |
Tom... the default friend? Oh ok. Well good for him. Money money money. Who knows, xanga might be next.
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Jul 22 2005, 02:55 AM
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 boo Group: Member Posts: 5,512 Joined: Dec 2004 Member No: 71,765 |
Whoaa..will Myspace be different now?
Oh wells, I wish I were in Tom's shoes. |
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Jul 22 2005, 02:58 AM
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 Senior Member Group: Official Member Posts: 4,882 Joined: Sep 2004 Member No: 47,064 |
ohhh wow. Tom's like rich now. I bet girls will be like all over him. gold diggers. Who'd pay 580 million for myspace? it's not like WOW great. but I wouldn't complain if i were him either.
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Jul 22 2005, 03:53 AM
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 Lil JC Group: Member Posts: 868 Joined: May 2005 Member No: 145,741 |
wow i wonder what xanga would be worth wow o and i be wit ya on the yourspace and it could have like forums and chat and games and music sections and stuff that'll b pimpin awesome lol new word and insted of just css it could use all the scripts html, java, css, cgi (maybe), bb everything YAY!
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| *kryogenix* |
Jul 22 2005, 08:28 AM
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QUOTE(brownsugar08 @ Jul 21 2005, 6:21 PM) that ain't tom..is it? unless basick and tom share the same computer, then, no, it isn't tom. |
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Jul 22 2005, 09:40 AM
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 none of it seems real Group: Member Posts: 2,469 Joined: Dec 2004 Member No: 73,889 |
I wish I would of thought of myspace before Tom
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Jul 22 2005, 09:58 AM
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 Senior Member Group: Official Designer Posts: 4,591 Joined: Dec 2004 Member No: 77,305 |
580 million, that's crazy...
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Jul 22 2005, 10:49 AM
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Senior Member Group: Member Posts: 2,534 Joined: Jul 2005 Member No: 170,127 |
well, Tom isn't getting 580 million, if that's what you're all thinking..
QUOTE On July 18, media conglomerate News Corp. (NWS ) revealed that it's buying Intermix Media (MIX ), the company that owns MySpace and about 30 other sites, for $580 million in cash. Los Angeles-based Intermix owns 53% of MySpace and plans to buy the rest. It will become part of News Corp.'s new Fox Interactive Media unit, which was created on July 15 and also is based in L.A QUOTE ...But MySpace CEO Chris DeWolfe and President Tom Anderson have had much more in mind than just being the... CEO is the boss..still, the amount they are getting is probably much, but not 580 million in their pockets. link here its in the 'MySpace Announcement' crap.. |
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Jul 22 2005, 10:55 AM
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#51
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I love you <33333 Group: Member Posts: 2,928 Joined: Jul 2004 Member No: 30,404 |
QUOTE(Tom From Myspace @ Jul 21 2005, 3:03 PM) thank you for notifying createblog of that basick. i think 580 million was well deserved after years of hard word and dedication. i look forward to enjoying the 580 million. i will be pursuing a music career and adding to my collection of yachts. thank you. - tom from myspace Lucky, Lucky......I have no idea what I would do with 580 million...hmm.... |
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Jul 22 2005, 10:56 AM
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 i'm susan Group: Official Member Posts: 13,875 Joined: Feb 2004 Member No: 5,029 |
i feel bad for xanga now.
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Jul 22 2005, 11:01 AM
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#53
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This bitch better work! Group: Staff Alumni Posts: 13,681 Joined: Jul 2004 Member No: 28,095 |
QUOTE(angel-roh @ Jul 22 2005, 10:56 AM) i feel bad for xanga now. why? myspace probably already has more users than xanga. & myspace is WAYYY more fun. |
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Jul 22 2005, 11:06 AM
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#54
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i'm susan Group: Official Member Posts: 13,875 Joined: Feb 2004 Member No: 5,029 |
myspace has many errors than xanga.
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Jul 22 2005, 11:07 AM
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 Semi-Retarded Member Group: Member Posts: 549 Joined: Jul 2005 Member No: 175,317 |
omfg!
 wowyea i like xanga better! its more customize-able (sp????)
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Jul 22 2005, 03:19 PM
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#56
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i'm susan Group: Official Member Posts: 13,875 Joined: Feb 2004 Member No: 5,029 |
im scared that xanga will change into myspace... i like the simplicity of xanga. myspace is just too much. you cant even make cool neat skins like xanga can!
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Jul 22 2005, 08:47 PM
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#57
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 Senior Member Group: Posts: 8,274 Joined: Mar 2004 Member No: 8,001 |
i thought it was steven, the creator of myspace. whatever.
wow, good luck with the money =] he might hire some webdesigners or webmaster to make Myspace even better. |
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Jul 25 2005, 08:54 PM
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#58
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 Senior Member Group: Member Posts: 1,831 Joined: Jun 2004 Member No: 20,324 |
tom's one lucky beast.
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Jul 25 2005, 09:08 PM
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 TOISU!! Group: Member Posts: 1,996 Joined: Jan 2005 Member No: 92,516 |
He's lucky.
I think I saw him on some show too. |
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Jul 25 2005, 09:09 PM
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#60
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 show me a garden thats bursting to life Group: Staff Alumni Posts: 12,303 Joined: Mar 2005 Member No: 115,987 |
Let's Go SHOPPING
Ah. It pays off. With a LOT. |
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Jul 25 2005, 09:57 PM
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#61
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 omnomnom Group: Member Posts: 1,776 Joined: Jul 2005 Member No: 180,688 |
QUOTE holy $h!+ You would if you had that money, one of my mom's friends was the president of speed channel, and he associated with fox sports since that's the channel nascar is on. They have big money. Also, my dad knows that a commercial during CSI is 100,000 dollars, just think how much fox gets from advertising on nascar, nascar is the most popular auto racing next to formula one, they probably get 150k from just one commercial.
id never pay that much. |
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Jul 25 2005, 10:01 PM
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#62
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 Senior Member Group: Member Posts: 2,248 Joined: Jul 2004 Member No: 30,084 |
wow.. must be niceeee Hahhaha
i don't really use my Myspace ..sooooo YEahhhhhh :] |
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